Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Lease, Cost

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating and finance leases for the three months ended March 31, 2024 and 2023 (in thousands):

	For the three months ended March 31,
	2024			2023
				(As Restated)
Finance leases
Interest expense	$	4,347		$	4,267
Amortization expense	14,328			5,216
Total fixed finance lease cost	$	18,675		$	9,483
Operating leases
Fixed lease cost	9,486			11,470
Total fixed operating lease cost	9,486			11,470
Variable lease cost	6,043			6,862
Short-term lease cost	76			52
Total lease cost	$	34,280		$	27,867
Operating sublease income	$	10,346		$	10,108
Cash paid in the measurement of lease liabilities
Operating cash flows used for operating leases	2,844			6,361
Operating cash flows used for finance leases	1,411			3,352
Financing cash flows for finance leases	22,210			15,280
Other information
Weighted average remaining lease term - finance leases	1.42 years			2.30 years
Weighted average discount rate - finance leases	14.45		%	15.13		%
Weighted average remaining lease term - operating leases	6.75 years			7.59 years
Weighted average discount rate - operating leases	7.00		%	7.04		%

Schedule of Future Minimum Commitments Under Operating Leases

As of March 31, 2024, future minimum commitments under ASC 842 under the Company’s leases were as follows (in thousands):

	Operating Leases		Financing Leases
Remaining Lease Payments
Remainder of 2024	28,492		102,277
2025	37,084		41,270
2026	35,719		3,422
2027	36,742		2,548
2028	37,795		1,043
2029 and thereafter	81,986		—
Total	257,818		150,560
Less: Imputed Interest	(52,772)		(10,259)
Present Value of Lease Liabilities	$	205,046	$	140,301

Schedule of Future Minimum Commitments Under Financing Leases

As of March 31, 2024, future minimum commitments under ASC 842 under the Company’s leases were as follows (in thousands):

	Operating Leases		Financing Leases
Remaining Lease Payments
Remainder of 2024	28,492		102,277
2025	37,084		41,270
2026	35,719		3,422
2027	36,742		2,548
2028	37,795		1,043
2029 and thereafter	81,986		—
Total	257,818		150,560
Less: Imputed Interest	(52,772)		(10,259)
Present Value of Lease Liabilities	$	205,046	$	140,301